U.S. stocks fell Tuesday, with the Nasdaq 100 down 1.68% and the S&P 500 down 0.69%. BTC touched $65,000 overnight and traded at $64,417. The SEC proposed crypto offering exemptions, while Citi planned an institutional bitcoin custody service for later this year.
1. U.S. stocks fall Tuesday as Nasdaq 100 drops 1.68%
The S&P 500 fell 0.69% Tuesday to 7,691.76 and the Nasdaq 100 dropped 1.68% to 29,490.96, while gold declined 0.6% to $4,394.2. The 30-year Treasury yield held near 5.33%, and the 10-year yield stood at 4.708%.
Assets to watch: SPX500 NAS100 XAU
2. SEC proposes crypto offering exemptions
The SEC proposed “Regulation Crypto Assets,” creating two offering exemptions. A startup exemption would allow up to $5 million over four years, while a fundraising exemption would allow up to $75 million per year. Both would require principles-based issuer disclosures.
Assets to watch: BTC ETH
3. Citi plans bitcoin custody service this year
Citigroup announced on August 18 that it plans to launch a bitcoin custody service for institutional clients later in 2026. The bank did not provide a specific launch date.
Assets to watch: BTC
4. Metaplanet expands bitcoin treasury to the U.S.
Japan-listed Metaplanet announced on August 18 that it will establish a U.S. bitcoin treasury through a Nasdaq transaction. The transaction covers 2,100 BTC valued at about $132 million.
Assets to watch: BTC
5. Kalshi files for S&P 500 and copper perpetuals
Prediction-market operator Kalshi filed with the CFTC on August 18 to launch perpetual futures tied separately to the S&P 500 and copper. Both products remain at the regulatory filing stage.
Assets to watch: SPX500 XCU
6. FalconX connects Canton, Ethereum, and Solana
Digital-asset prime broker FalconX and Interstice announced on August 19 that they had connected Canton with Ethereum, Solana, and Robinhood Chain. The connection covers three external networks.
Assets to watch: ETH SOL
7. FASB proposes stablecoin accounting treatment
The U.S. Financial Accounting Standards Board proposed on August 19 that stablecoins meeting specified conditions be classified as cash equivalents. The measure remains a proposal and would apply only to qualifying stablecoins.
8. Cypherpunk launches Zcash mining fleet
Crypto firm Cypherpunk announced on August 19 that it had launched a Zcash mining fleet. The company said the fleet currently controls about 18% of the network's hashrate.
Assets to watch: ZEC
Market Snapshot
BTC: $64,417 | ETH: $1,913.28
Gold: $4,394.2 | Silver: $63.04
WTI: $85.85 | Brent: $91.89
S&P 500: 7,691.76 | Nasdaq 100: 29,490.96